Business

Qatar Holding sells back 10pc Porsche stake 18 Jun 2013 - 05:38 am

DUBAI/BERLIN: Qatar Hol-ding, the investment arm of the state’s sovereign wealth fund, has sold its 10 percent stake in Porsche SE to the...

India’s central bank keeps interest rates 18 Jun 2013 - 05:37 am

MUMBAI: India’s central bank kept its benchmark interest rates unchanged yesterday, after three successive cuts, citing inflationary concerns and a weak rupee. The...

Qatar building 77 new hotels: QDB analysts 18 Jun 2013 - 05:37 am

DOHA: With more and more players entering Qatar’s hospitality sector, the industry’s present market dynamic is bound to change in a big way. ...

Syrian pound falls to new record low 18 Jun 2013 - 05:37 am

AMMAN: Washington’s decision to arm opponents of Syrian President Bashar Al Assad and reports of Gulf military aid to rebels have sent the...

Internet fast changing purchasing behaviour: Official 18 Jun 2013 - 05:36 am

DOHA: The Internet is fast changing the purchasing behaviours of consumers in the Mena region, including Qatar. Nearly 33 percent of Mena region...

Qatar Exchange up a shade; Saudi rebounds 18 Jun 2013 - 05:35 am

Doha: Qatar Exchange ended in the green yesterday adding 5.29 points (or 0.06 percent) to advance to 9,429.70 points from 9,424.41 on Sunday....

Qatar Cool wins two awards at IDEA conference in US 18 Jun 2013 - 05:34 am

Officials with the awards. DOHA: Qatar District Cooling Company (Qatar Cool), the district cooling leader in Qatar, has won two prestigious awards at...

Oil price strikes nine-month peak 18 Jun 2013 - 05:33 am

LONDON: The price of New York’s main oil benchmark hit a nine-month peak yesterday, as traders worried that the Syria crisis could hit...

European stocks start week with solid gains 18 Jun 2013 - 05:23 am

LONDON: European stock markets rose solidly yesterday as traders looked ahead to a key US Federal Reserve meeting due mid-week while keeping an...

Orders for big jets make a splash in Paris 18 Jun 2013 - 05:22 am

From left: Embraer Commercial Aviation President and CEO Paulo Cesar Silva, SkyWest Chairman and CEO Jerry Atkin and Embraer President and CEO Frederico...

France Telecom board backs CEO despite fraud probe 18 Jun 2013 - 05:21 am

PARIS: France Telecom’s executive board agreed yesterday to keep chief executive Stephane Richard in his job after he was put under investigation for...

India cuts Iran oil imports by more than 40pc 18 Jun 2013 - 05:21 am

NEW DELHI: India cut its Iranian oil imports by more than 40 percent in the first five months of the year, replacing the...

EU tax chief urges Switzerland to end bank secrecy 18 Jun 2013 - 05:20 am

BERN: The European Union official in charge of tax policy tried to persuade Switzerland yesterday to agree to surrender more information about clients...

Wide-body battle dominates Paris Air Show 17 Jun 2013 - 04:50 am

A Falcon 7X is on display near the Dassault Aviation chalet at Le Bourget yesterday on the eve of the opening of the...

Tunisia Islamic finance could reach 25-40pc 17 Jun 2013 - 04:50 am

DUBAI: Tunisia’s fledgling Islamic finance industry could take a 25 to 40 percent share of the country’s financial sector in five years’ time...

Record number of vessels docks at Qatari ports in 2012 17 Jun 2013 - 04:48 am

DOHA: A record number of 5834 vessels docked at various ports of Qatar in 2012 with a gross tonnage amounting to 294.9m, up...

Sudan shelves telecom profit tax for 3 years 17 Jun 2013 - 04:47 am

DUBAI: Sudan has scrapped a 30 percent profit tax on telecom operators until 2015-end, replacing it with a 2.5 percent levy on total...

Qatari exports to UK decline by 23 percent 17 Jun 2013 - 04:47 am

BY MOHAMMAD SHOEB DOHA: The value of Qatari exports to the UK has declined by 23 percent from QR27.45bn (£4.8bn) in 2011 to...